Softcat plc (LON:SCT) Receives GBX 1,910 Consensus Target Price from Brokerages

Shares of Softcat plc (LON:SCT) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 1,908.89.

A number of research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 price target on shares of Softcat in a research note on Thursday. Shore Capital Group reaffirmed a “buy” rating on shares of Softcat in a research report on Thursday. Jefferies Financial Group cut their target price on Softcat from GBX 1,500 to GBX 1,210 and set a “hold” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Softcat to an “overweight” rating and lifted their price target for the company from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th.

Softcat Price Performance

LON:SCT opened at GBX 1,234 on Thursday. Softcat has a one year low of GBX 1,083 and a one year high of GBX 1,960. The company has a debt-to-equity ratio of 13.07, a current ratio of 1.25 and a quick ratio of 1.38. The firm’s fifty day moving average price is GBX 1,250.85 and its two-hundred day moving average price is GBX 1,419.10. The company has a market cap of £2.42 billion, a P/E ratio of 18.64, a P/E/G ratio of 11.51 and a beta of 0.60.

Softcat (LON:SCT) last posted its quarterly earnings results on Wednesday, March 18th. The company reported GBX 36.10 earnings per share (EPS) for the quarter. Softcat had a return on equity of 45.16% and a net margin of 8.06%. Equities analysts expect that Softcat will post 60.72 earnings per share for the current year.

About Softcat

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.